Reynolds American Inc. (RAI) Stake Held by Community Bank of Raymore
Community Bank of Raymore maintained its position in Reynolds American Inc. (NYSE:RAI) during the second quarter, Holdings Channel reports. The institutional investor owned 16,854 shares of the company’s stock at the end of the second quarter. Reynolds American comprises about 0.4% of Community Bank of Raymore’s portfolio, making the stock its 29th largest position. Community Bank of Raymore’s holdings in Reynolds American were worth $910,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Americafirst Capital Management LLC acquired a new position in Reynolds American during the second quarter worth approximately $109,000. Community Bank N.A. boosted its position in Reynolds American by 148.2% in the second quarter. Community Bank N.A. now owns 2,834 shares of the company’s stock worth $153,000 after buying an additional 1,692 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Reynolds American by 155.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,891 shares of the company’s stock worth $156,000 after buying an additional 1,759 shares in the last quarter. First Financial Corp IN boosted its position in Reynolds American by 18.7% in the second quarter. First Financial Corp IN now owns 3,616 shares of the company’s stock worth $195,000 after buying an additional 570 shares in the last quarter. Finally, American National Registered Investment Advisor Inc. acquired a new position in Reynolds American during the first quarter worth approximately $212,000. 46.92% of the stock is currently owned by institutional investors.
Shares of Reynolds American Inc. (NYSE:RAI) traded down 0.435% during trading on Monday, reaching $46.945. The company’s stock had a trading volume of 2,740,464 shares. Reynolds American Inc. has a 1-year low of $44.06 and a 1-year high of $54.48. The stock has a 50 day moving average of $49.17 and a 200-day moving average of $50.23. The company has a market capitalization of $67.01 billion, a PE ratio of 12.667 and a beta of 0.40.
Reynolds American (NYSE:RAI) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.03. The firm earned $3.20 billion during the quarter, compared to analyst estimates of $3.26 billion. Reynolds American had a return on equity of 15.24% and a net margin of 42.97%. The business’s revenue was up 33.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.02 earnings per share. On average, analysts expect that Reynolds American Inc. will post $2.32 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 12th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This is a positive change from Reynolds American’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.93%. Reynolds American’s payout ratio is currently 49.73%.
A number of research firms recently commented on RAI. Zacks Investment Research cut Reynolds American from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Jefferies Group started coverage on Reynolds American in a report on Wednesday, September 21st. They issued a “buy” rating and a $61.00 price target on the stock. Morgan Stanley reaffirmed a “hold” rating on shares of Reynolds American in a report on Thursday, September 1st. Berenberg Bank started coverage on Reynolds American in a report on Tuesday, June 14th. They set a “hold” rating and a $54.00 price objective on the stock. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $57.00 price objective on shares of Reynolds American in a report on Tuesday, August 16th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $55.86.
In other news, major shareholder American Tobacco P.L.C British sold 660,385 shares of Reynolds American stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $48.03, for a total value of $31,718,291.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.11% of the stock is owned by insiders.
Reynolds American Company Profile
Reynolds American Inc (RAI) is a holding company. The Company’s segments are RJR Tobacco, Santa Fe and American Snuff. The RJR Tobacco segment consists principally of the primary operations of R. J. Reynolds Tobacco Company. The Santa Fe segment consists of the domestic operations of Santa Fe Natural Tobacco Company, Inc (SFNTC).
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